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Compensation & Benefits

Snapshot: Strategic benefits of offering paid leave

About half of employers offer some form of paid leave.

401(k) balances tripled between 2010 and 2018

The average 401(k) plan account balance of “consistent participants”—those who remained active in the same 401(k) plans from year-end 2010 through year-end 2018—almost tripled in that period.

DOL targeting covid-leave request denials

When the Families First Corona-virus Response Act went into effect April 1, most employers found themselves suddenly required to provide paid leave under two separate provisions. Uncle Sam has started making sure they comply.

Pandemic to trigger 4.4% health cost hike

That looks surprisingly “normal”—until it’s viewed in the context of employee wage growth, which has fallen to near zero this year.

More HEROES and so far no villains: House tries one last time for pandemic relief

Tick, tick, tick. That’s the sound of the legislative calendar. It’s winding down and this may be the last, best chance for injecting another shot of pandemic-related relief into the economy.

Consider offering benefits to help employees handle caregiving

Working parents aren’t the only employees who may have caregiving responsibilities. In response, some employers have beefed up existing benefits and created new ones.

Snapshot: More employers offering paid parental, family leave

Employers increasingly offer paid leave so employees can bond with their new children and take time off to care for sick family members.

Coronavirus driving open enrollment interest

New research from the MetLife insurance company suggests the coronavirus pandemic has left employees keenly interested in making smart choices about their benefits elections.

Payroll tax deferral? Most employers say ‘no’

A coalition of 34 major trade associations said most of their members refused to stop withholding payroll taxes, arguing that the deferral would hurt employees more than help because workers would likely be on the hook for all those taxes in early 2021.

Last Friday in September: More FAQs, more disaster relief, PPP news and other good stuff

Here are some items you may have missed during the hustle and bustle of the week.